Scottish Life, the pensions specialist arm of the Royal London Group, has announced new business illustrations on an adviser and consultancy charging basis.
Advisers can now get 'RDR ready' illustrations for Scottish Life individual pensions (the Pensions Portfolio range) and group pensions (Retirement Solutions - GPP and Company Pension Plan) through Scottish Life's online service or from the firm's National Support Unit.
There will be three types of charging options available, initial for payments when setting up a new plan, ongoing for payments during the lifetime of the plan and ad hoc for one-off services.
These can be paid via percentage of contributions, monetary amounts or a percentage of the funds.

Ewan Smith, managing director of Scottish Life, said: "Advisers can identify the remuneration options which best suit the needs of their clients and their own business model. They and their support teams can become familiar with our RDR ready illustrations.
"We're continuing to work with the main industry portals to ensure that RDR ready illustrations are available in line with their plans."
Final testing of 'RDR ready' new business processing is underway and the system is scheduled to go live by early December.
Scottish Life is owned by Royal London Group which also owns platform Ascentric and Financial Planning system MoneyVista.
Full details of the remuneration options are available at www.scottishlife.co.uk/rdr